An investment pool could be reported as a custodial fund on the fiduciary fund financial statements.

Name: An investment pool could be reported as a custodial fund on the fiduciary fund financial statements.
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An investment pool is considered a custodial fund because it holds and manages assets on behalf of other entities, such as other governments or external organizations. Therefore, it would be reported on the fiduciary fund financial statements.

An Investment Pool Could Be Reported as a Custodial Fund